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Irlam Primary solar panels

Share offer launched to fund solar schools project

The group behind the project, Greater Manchester Community Renewables, is aiming to raise £145,000 during June to fund the installation of solar panels on four Salford schools this summer.

By having solar panels installed, the schools involved in the project - Broadoak Primary School, Bridgewater Primary School, Light Oaks Infant & Junior Schools and Peel Hall Primary School - can expect to save money on their energy bills, and receive support to use the panels as an educational resource.

Karen Wild, Head Teacher at Broadoak Primary School said:

“The children and staff at Broadoak Primary School are really excited to be working with GMCR to bring solar panels to our school this summer.

“We are an Eco School so this is a fantastic next step on our journey to reduce our impact on the environment and to help our children learn more about how we can all help to reduce climate change”.

The installations will be funded by a community share issue, where members of the public can invest in shares in GMCR to own a stake in the project.  People who buy shares will become members of GMCR, receive interest on their shares and vote to give profits made to a Community Fund to spend on further community energy and environmental education projects locally.

GMCR volunteers

Sandra Dutson, a member of GMCR said:

“I invested in GMCR because it’s an ethical investment that helps schools save money on their bills and reduces carbon emissions.  It also puts power into the hands of the community instead of big multinational energy companies.”

GMCR currently has solar installations on the roofs of Primrose Hill Primary School, Irlam Primary School, and Fiddlers Lane Primary, and The Fuse in Partington.  So far these sites have saved a total of £3,000 on their bills and generated enough clean energy to make 6 million cups of tea.

Ali Abbas, Director of GMCR said:

“In 2016 we installed solar panels on three schools in Salford and a community centre in Partington with the support of people like you. 

“We’re really excited to be offering four more schools the chance to be powered by clean energy, but we need your help to make it happen.

“With a minimum investment of £100 you can help the schools, your community and the environment, and earn up to 4% interest on your shares.”

Andy Burnham, Mayor of Greater Manchester, said:

“My ambition is for Greater Manchester to be one of the leading green city-regions in Europe, and this is exactly the kind of community-led clean energy project we need to see more of.

“I’m proud to support GMCR, and hope that people and businesses across the region will help them meet their fundraising target.”

GMCR’s share offer is open until 30 June 2018.  Those interested in investing should read the Share Offer fully and take appropriate financial advice.

To find out more, visit http://www.gmcr.org.uk/invest

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